New search
Property profile & analytics
OFF-MARKET
Estimated value
$615,000
Strip malls
2711 Commerce NW Dr, Rochester, MN 55901-3144
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US46-1332232
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2006
Total area
12,870 SF
Lot
1.01 ac (44,170 SF)
APN
74.20.44.073547
UPID
US46-1332232
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Asia Fusion (Temporary Take-Out Only) Restaurant
-
Smyth - Rochester Commercial Marketing & Advertising Printing Service
-
National Karate Of Rochester Training Center Sports School
-
Huber Eyecare Eye Care Center Contact Lenses Supplier
-
SUBWAY PARKING Parking Lot & Garage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$510k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$721k
Blend (final)
Blend
$615k
Owner & transaction history
Ryan Properties Of Rochester Nw LLC · 9 yrs held
Ryan Properties Of Rochester Nw LLC
since 2016
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$975,000
+98.3%
Medical building
$965,000
+97.1%
Office building
$795,000
+61.7%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Rochester submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Rochester submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$510,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$490,000
Current use
COMMERCIAL (GENERAL)
$975,000
Change: +98% · Conversion: Easy
MEDICAL BUILDING
$965,000
Change: +97% · Conversion: Difficult
OFFICE BUILDING
$795,000
Change: +62% · Conversion: Moderate
RETAIL STORES
$750,000
Change: +53% · Conversion: Easy
INDUSTRIAL (GENERAL)
$615,000
Change: +25% · Conversion: Difficult
Blend value · Realmo final
$615k
Range $554k – $677k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$48 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$121,900
Tax year 2023
Assessed value
$2,666,700
Assessed 2021
Previous assessed
$2,666,700
+0.0% YoY
Effective rate
4.57%
On assessed value
Assessed land
$441,700
Assessed improvement
$2,225,000
Land market value
$441,700
Improvement market value
$2,225,000
Total market value
$2,666,700
Applied tax rate
2,303.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2006
Heating
NONE
Cooling
CENTRAL
Bathrooms
16
Total area
12,870 SF
Lot
1.01 ac (44,170 SF)
APN
74.20.44.073547
UPID
US46-1332232
Jurisdiction
OLMSTED
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$490,000
COMMERCIAL (GENERAL)
Est. value
$975,000
MEDICAL BUILDING
Est. value
$965,000
OFFICE BUILDING
Est. value
$795,000
RETAIL STORES
Est. value
$750,000
INDUSTRIAL (GENERAL)
Est. value
$615,000
NEIGHBORHOOD: SHOPPING CENTER Current
COMMERCIAL (GENERAL)
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2006
Heating
NONE
Cooling
Yes
Bathrooms
16
Lot
1.01 ac
Current owner
From public records · entity-resolved
Ryan Properties Of Rochester Nw LLC
Entity
Mailing address
PO BOX 5937, ROCHESTER, MN 55903-5937
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 8, 2022
—
Rochester Nw LLC
—
Deed
related
$1,500,000 · Merchants Bank
Dec 30, 2016
$2,280,000
Ryan Properties Of Rochester Nw LLC
Compark 3-1 LLC
Warranty Deed
$889,300 · Merchants Bank NA
Dec 22, 2005
—
Compark 3-1 LLC
Compark LLC
Quit Claim Deed
related
—
Jan 24, 2005
$3,700,000
Compark LLC
Ac Pem West LLC
Warranty Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2711 Commerce NW Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
